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Simple interest is the amount increased.

For example if you invested $500 and your amount you have in your bank is $550 at the end.

Your simple interest is $50

PRT/100 = Simple Interest

P= Principle Amount (Amount invested)

That’s why total amount at the end =

P + PRT/100

For example

$550 = (500)RT/100 + 500

*$500 which is your P*

For example if you invested $500 and your amount you have in your bank is $550 at the end.

Your simple interest is $50

PRT/100 = Simple Interest

P= Principle Amount (Amount invested)

That’s why total amount at the end =

P + PRT/100

For example

$550 = (500)RT/100 + 500

*$500 which is your P*

Date Posted:
11 months ago